Digested from Affordable Housing: Lowest Income Households Most Exposed in Supply Shortage
Property Management Insider (10/22/15) Kitchens, Bill
Extremely low-income households have disproportionate access to affordable housing compared to other low-income households, in part because these households are growing more rapidly than is supply. This segment, whose annual income averages $15,675 nationwide, grew 27.7 percent to 11.3 million households from 2001 to 2013 a higher rate than lower- or middle-income households.
The Department of Housing and Urban Developments annual Worst Case Needs report indicates there are at least 50 percent more extremely low-income (<30% area median income) renter households than available housing units, compared with low-income households (50-80% AMI), where supply and demand are almost even.
Extremely low-income households are the most in need of affordable housing programs, which came under fire this year for allowing people making more than the allowed income to remain residents.